tv NBC Bay Area News at 11AM NBC November 7, 2012 11:00am-11:30am PST
than 250 points. after president obama's re-election and new concerns about the global economy. good morning, and thanks for being with us. i'm marla taez. >> i'm john kelly. good morning, everybody. at one point, 303 points lost on the dow. the marks this morning weighted down with post election worries. let's check in with business and tech reporter scott mcgruen. you say this is not wall street expressing disappointment over four more years of obama. >> not obama, the man. the broader markets did rise significantly in the four years since president obama took office. the worry here is the fiscal cliff. a little more than 55 days from now, automatic and draconian cuts will combine with big tax increases unless washington works together to stop it. and wall street justifiably worried this morning the two sides, the democratic president and senate, and a republican house, will not be able to come to agreement.
that's why the dow industrials are down 260 points at this point. the nasdaq off 65 points. the s&p 500 down 27. will hard feelings over the election cause us to careen right over that fiscal cliff? you recall in 2011, standard & poor's downgraded america's credit rating. that's the first time that it ever happened. it wasn't because of the deficit. this was because s&p was worried the two sides in washington wouldn't get along to do something about the deficit. and they were right. the lack of an agreement, john and marla, created this fiscal cliff which we're dealing with today. the dow industrials down better than 260 points. marla? >> we need to go from partisan to bipartisan. scott, thank you so much. it did not turn out to be the long drawn-out night a lot of people expected just before 9:00 president obama was declared the projected winner. and now with a status quo election result, a major question remains. can the white house and congress
finally find a middle ground? and work out a long list of major issues? nbc's brian mooar has the latest on the president's victory. >> reporter: celebrating victory, president obama reached out to republicans and urged them to work with him on some of this nation's toughest challenges. >> reducing our deficit. reforming our tax code. fixing our immigration system. freeing ourselves from foreign oil. we've got more work to do. >> reporter: and he reached out to a divided nation. >> and whether i earned your vote or not, i have listened to you. i have learned from you. and you've made me a better president. >> reporter: while the president's electoral win was resounding, roughly 2 million votes separated the candidates. in defeat, mitt romney was both gracious and conciliatory. >> at a time like this, we can't risk partisan bickering and political posturing. our leaders have to reach across the aisle to do the people's
work. >> reporter: republicans will still have firm control of the house. but the current congress is facing a looming crisis. if there's no spending compromise by december 31st, taxes will go up for every american, an automatic across the board spending cuts kick in. >> the republicans have to make the choice. where we're willing to work something out, we're willing to work it out sooner rather than later. >> reporter: democrats will maintain control in the new senate. and they've reclaimed ted kennedy's seat with elizabeth warren's win over scott brown in massachusetts. >> this was a win for america's middle class. >> reporter: the election now decided, lawmakers from both parties face the daunting task of getting work done in a capitol as polarized as ever. republican vice presidential nominee paul ryan was re-elected to his wisconsin house seat. he returns to capitol hill with new stature and a new title, the republican to beat in 2016.
brian mooar, nbc news, washington. >> brian mooar, thank you very much. this morning california public schools are to longer in limbo. prop 38 which would have raised funds for schools by increasing taxes on a sliding scale, it has failed. overnight, prop 30 did pass. prop 30 is governor brown's tax initiative. this will increase taxes on earnings over $250,000 for a total of 7 years and also raise the sales tax by a quarter cent for four years. and it will fund public schools and public safety realignments. for more on prop 30 and the devastating cuts that are now avoided, les go to nbc bay area's christie smith live in sacramento with the latest where governor is speaking right now. good morning. >> reporter: good morning to you, john. this is a big win for governor jerry brown. there has been a lot of anti-tax sentiment in california for years but he was able to turn that around, especially ca campaigning right before the election. he is speaking right now inside the capitol. let's go ahead and listen.
>> we had the possibility of the cuts, but schools do they get to restore something? some of them were conservative in their budgeting. what would you tell people? >> i would tell people that instead of the state borrowing, hat in hand, from our school districts which reached $9 billion, we're going to stop all that. we're going to have enough money to fund the schools as our constitution requires. so we're not going to see the $5.5 billion of cutbacks to kinder garten-12 and not the cutbacks in higher education and going forward we're going to see about $2,500 per student going into our schools in california over the next four to five years. that's good news. >> they'll see more? >> they'll see more. nothing -- you know, this is not instant coffee here. this takes time and effort, but over the next few years we're on a correct glide path and the rating agencies are already
begun to put out their own commentary on how california is now on a stable path. >> reporter: so you heard the governor there talking about california being on a stable path. i wanted to mention that the sales tax hike goes into effect in january and the income tax hike is actually retroactive to the beginning of the year. of course, we'll have more on all the governor's comments tonight at 5:00 and 6:00. that's the latest from here reporting live in sacramento, christie smith, nbc bay area news. >> thank you. among the other high profile propositions on the california ballot is prop 37. it appears it has failed. now, problem 37 would have required companies to label genetically engineered foods. it would have banned companies from marketing genetically altered foods or other processed foods as natural. and here's a look at the board right now. yes, 47%. no, 53%. so losing by about 6% of the
vote. and marla, a hotly contested race in the south bay appears to be over this morning. city councilman rose herrera defeated challenger jimmy ngyuen. >> we have more result to come in. looks like now we can say we won this. >> herrera declaring victory just before midnight in her bitter battle to keep that seat. police and fire unions and other labor interests pouring hundreds of thousands of dollars into that campaign to try to unseat her. they were upset she backed the mayor's fiscal reform policies. now that the mud slinging is finally over sher says she'll extend an olive branch to the unions to they can move forward and work together. >> i'm going to reach out to people. it's important we heal whatever wounds have been opened in this race and there are some, but i'm somebody who can forgive and forget and move on. >> herrera also says she will be
moving forward with the fiscal reforms to try to get the city back on financial stability. in san jose's district 10 johnny khamis beats robert braunstein to represent the blossom hill areas of san jose. khamis and braunstein were separated by one vote in the six-person primary. khamis pulled ahead in the general election. there was a hotly contested race in oakland as well for the at large seat on the city council. the results show rebecca kaplan with 46% of the vote. but in order to win with ranked choice voting, kaplan had to reach more than 50%. this means a second round has to be counted. kaplan tells us she's very optimistic about her chances of winning. de la fuente says he's not ready to throw in the towel just yet. >> i served 20 years. we transformed the district and it's a better place. i'm good. you know, i feel good. i will continue working in
oakland, so, you know, it's like it's not over until it's over, anyway. >> well, we're well ahead now in the returns so far. we're certainly continuing to watch and see them come in but we're feeling very good and i'm very, very grateful for all the supporters and for the voters. >> de la fuente who gave up his district 5 seat after 20 years took a rich to challenge kaplan for the at-large seat which deals with more citywide issues. it is not getting easier for people living on the east coast. just recovering from superstorm sandy, they're now bracing for another storm heading their way. parts of new york city and new jersey, evacuations still under way. all that devastation out there. airlines also canceling flights coming in and out of new york airports. the national weather service says there's a chance for flooding, strong, gusty winds and even a snowfall there. they continue to get piled on. airlines already starting to cancel flights in anticipation of this coming storm.
so not as bad as sandy but still not good. >> yeah, it goes without saying this is the last thing that the east coast needs. christine, i no you have your eye on this. >> yeah, very closely watching what this nor'easter can do. right now, the good news is, it did show signs of weakening. it's not looking quite as strong as we originally forecast. let's take it right to the maps and show you what we're expecting when it comes to this nor'easter which the weather channel named athena. the weather channel will be naming very strong winter storms. this is athena. as we head throughout today and tomorrow, we're expecting the highest impact. winds of 40 to 60 miles per hour forcing power outages. some people just had their power turns back on. they're concerned about flying debris from the areas damaged by superstorm sandy. rainfall isn't going to be all that significant. anywhere in the ballpark between 1 to 3 inches. some isolated areas will pick up maybe 5 to 6 inches of rain. i think the most severe component of this storm is going to be the very, very heavy
snowfall right at the immediate coast. impacting the i-95 corridor up and down the eastern seaboard. so we'll continue to watch this one for you. finally, here in the bay area, getting a return to fall. temperatures on track with our seasonal averages. and it's been hot around here. so 66 degrees right now in livermore, just about where we should be. 67 in sunnyvale. 60 degrees in san francisco. as we head throughout the day today, 10 to 15 degree drop-off with the onshore flow. sunny the second half of the day. the rain arrives the second half of your thursday. highs are only going to be in the 50s. you'll need the sturdy winter coat by tomorrow. cold blast really settles in on friday. that's going to drop our snow levels to the potential where we could see snowfall on mt. hamilton. hard to believe when we hit 9 2 in gilroy yesterday. >> had the windows down cranking the ac yesterday and now getting ready for the snowshoes. >> you're going to look cool in your vehicle. we know that much. >> appreciate that. we'll see you in a second.
senator dianne feinstein will be returning to washington after she cruised to an easy victory over her opponent. she beat elizabeth emken for the senate seat 61% to 39%. feinstein spoke to the media from her office in san francisco within just the last 30 minutes. nbc bay area's ba was there. he joins us live from that spot.
bob, good morning. >> reporter: good morning to you, marla. yes, we spoke with senator dianne feinstein who was asking the recently re-elected president and her colleagues in congress to come together and do something to avert the looming fiscal crisis. this is looming at year's end. yes, she was re-elected yesterday to her fourth time, fourth term in the senate defeating elizabeth emken. she's an autism activist from danville with no prior political experience. feinstein was proud she achieved a personal goal of winning a statewide race with at least 60% of the vote. now, while she calls yesterday's election a mandate for president barack obama, she notes just how hard it could be for him to get things done in the second term. she says congress is the problem. a divided congress it is with the dems still retaining control over the senate. the republicans, the house and unless congress does something by december 31st the so-called bush tax cuts will expire and there will be tremendous spending cuts which could create
ripples throughout the economy. senator feinstein says it's time for both sides to find a way to work together. >> i was reading where the defeated senate candidate from indianapolis said something like, and this is a paraphrase, i'm not going there to listen to them. i'm going there to impose my views on them. doesn't work. it doesn't work that way. you have to listen to people. and good listeners who can pick up what a major opportunity is to move something forward are important. so you can't just talk. you've got to listen. >> reporter: and to put an exclamation point on her point senator feinstein quoted a george mason university study that finds that the state of california would lose somewhere around 220,000 jobs if we do go over that so-called fiscal cliff. reporting live here, san francisco, bob redell, nbc bay area news. >> bob, thank you very much.
returning to the house oakland representative barbara lee. she won a decisive victory over marilyn singleton to keep that seat. we spoke to lee about what is next for congress. >> the american people are going to demand that democrats, republicans, independents come together on behalf of the american people. i look forward to continuing to work with our democratic caucus to really figure out, you know, strategies to make sure that they don't keep saying no, that we figure out how to break that log jam. >> lee also adds newly re-elected president barack obama is working to bring the country together and she's very much looking forward to continuing work with the president. our meteorologist christina lauren is working to bring you your forecast from hot temps to rain. >> yeah, mother nature can't make up her mind but for today we get one day of average fall weather. for early november. good morning to you. 11:18 now. still nice and cloudy here in san jose.
the limited sunshine is going to drop your temperatures. already noticing that. temperatures running 10 to 15 degrees cooler than 24 hours ago. 55 degrees in napa. 60 in san francisco. south bay, 66 degrees in gilroy. 59 here in san jose. the sun's going to break through the clouds in the next hour, hour and a half in san jose. look at this. take it to your visible satellite imagery. dealing with quite a bit of cloud cover over the entire san francisco bay. pacifica start to clear out here. san francisco, you're going to see limited sunshine today. maybe a couple hours of sunlight between 12:00 and 2:00 and the fog will roll right back in. today's highs look good for this time of year. 74 degrees in average in livermore. 75 in fairfield. 70 in concord. 67 degrees in oakland. 66 in san francisco. area of low pressure drops in as we head through tonight. this is going to drop our temperatures significantly. even as we head through tomorrow. when it comes to the rainfall let's time that out to your doorstep. stop the clock at 9:00 a.m. a little shower activity from
santa rosa to novato. noon, showers push south of the golden gate bridge. the front is going to race through the bay area. behind that front, very cold air. that's going to settle in at about 2:00 p.m. as we head through tomorrow afternoon with lingering activity in the south bay. as we head through friday, we'll see spotty activity. very isolated. and then as we head through saturday, starting to clear you out completely. staying cool on sunday. monday into tuesday, getting that warm, sunny fall-like weather. that is traditional here in the bay area. for today, guys, little bit cool but not as cool as it's going to be tomorrow. get ready for those showers. over to you. >> we are bracing and we are ready. i still prefer the sunshine. we'll take it. we have more election coverage coming up when we get back. >> first, how about a look at local congressional races decided last night?
welcome back, everybody. across the nation people talk g i about four more years for president barack obama in the white house. among the high profile issues at stake right here in california, three ballot measures all related to law enforcement. two of them were successful including prop 36 which will revise the three strikes law. life sentences will now only be given if the new felony is serious or violent. convicted offenders may be resentenced if their third strike conviction was not serious or violent. we take a look at that. this was an overwhelming victory for prop 36 on this one. 69% of the voters saying yes. also, successful, prop 35, which
increases prison sentences and fines for human trafficking convictions. and it will require convicted human traffickers to register as sex offenders. to the board on this one, even more overwhelming. eight out of ten voters saying yes to prop 34 which would repeal that death penalty. actually this is the human trafficking one there. prop 34 is coming up next here. that would repeal the death penalty. that one failed. well, it is back to business for washington on capitol hill. congress faces so-called fiscal cliff. you heard scott talking about this earlier. it's a series of automatic legislative spending cuts and tax increases. if a budget deal is not reached by the end of the year, taxes will rise for 90% of americans. the white house is also set to carry out $100 billion in automatic spending cuts to the pentagon. economists say there is a chance the country could slip into another recession. and it is history in the
making for one specific and very controversial issue. we're talking same-sex marriage. voters in maryland and maine approving measures to allow same-sex marriage. earlier returns in washington state showed voters narrowly approving gay marriage while in minnesota voters rejected a proposed constitutional amendment to write man/woman marriage into the constitution. and we will be right back. [ female announcer ] this is the story of joycelin...
[ female announcer ] ...who thought she had reached the end of her story. [ joycelin ] the doctor told me i had two brain aneurysms and that one of them had ruptured. [ female announcer ] fortunately, she was treated at sutter health's california pacific medical center. [ joycelin ] the nurses and doctors were amazing, and they were like a second family to me. and now i'm back to doing what i love. [ female announcer ] california pacific medical center and sutter health. our story is you. this year's voter turnout turned out to be lower than in the previous election back in 2008. polling experts say there are a number of factors including voters being turned away by nasty campaigning and some people just did not have time to cast their ballots following the aftermath of superstorm sandy. the good news is, we're done with all those polls. >> it's over. >> get back to business. >> okay. thanks for being with us. join us tonight at 5:00, 6:00 and 1 1:1:00. have a great day, everybody.
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